Power Systems Research (PSR) is an international research company based in St. Paul, Minnesota, USA. It operates a second North America office in Detroit, Mich., and has offices in five other countries. PSR analysts have been collecting and analyzing global engine and powertrain data and information since 1976, and we use this data to develop targeted forecasts by industry segment and region.
Our team of experienced analysts works with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile detailed and focused data that has become an industry standard. It’s the leading source of global information on engines and power equipment powered by IC and alternate sources. Whether you need detailed global data, forecasts or customized local market studies, we can provide you with Data, Forecasting and Solutions. Let’s start today.
Jack Prince has joined Power Systems Research as a business development manager. He’ll be working out of the Ann Arbor, MI, office. Jack brings over 25 years of business development and commercialization experience to the global automotive and mobility industries. He uses research and data to help clients identify market opportunities and improve business efficiency while enhancing product performance.
Jack has advised emerging ventures on market discovery, product strategy, and investor engagement. His experience includes supporting global ventures in electromechanical systems, radar and sensor technologies, structural plastics, SaaS platforms, and vehicle access solutions.
Jack holds a Bachelor of Science in Business Administration and is currently completing an Executive MBA at Michigan State University. PSR
St. Paul, MN— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 117 to 107, or -8.5%, for the three-month period ending Sept. 30, 2025, from Q2 2025. The year-over-year (Q3 2024 to Q3 2025) loss for the PSR-TPI was, 109 to 107, or -1.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
President Trump is threatening new tariffs (at 100%), after China introduced new restrictions on exports of rare earths and related technology.
Analysts say the export controls were an attempt to boost China’s leverage in trade talks with the United States, but Trump now says he may call off a planned meeting with Chinese leader Xi Jinping later this month
European carmakers sold 38% more electric cars in the first seven months of this year, ensuring that all but Mercedes-Benz are on track to comply with the EU’s 2025–27 emission targets, new T&E research finds
The report suggests that the two-year extension of the targets allowed carmakers to take the foot off the gas and will lead to 2 million fewer electric cars being sold between 2025 and 2027
2W mobility in India represents over 70% of all mobility in India and accounts for 60% of gasoline consumption. Motorcycle sales are twice the scooter sales in India. While scooters are seeing ~20% penetration of EV, motorcycles are at 0.1%. This implies that a very significant portion of 2W mobility remains untouched from electrifications.
The market is vast – The number of motorcycles in India is approximately 250 M and almost all are entirely petrol powered. Every year 20M new motorcycles are sold in India. Petrol’s share today is approximately 99.9%
Source: Clean Technica:Read The ArticlePSR Analysis. The most popular motorbikes in India are in the range of 100-125cc. These are the kind of class that electric motorbikes should be able to compete in; there are a lot of “125cc-equivalent” electric motorbikes around. The cost of purchase and the ease of charging are key drivers in the potential growth of 2W electric machines. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
In the September 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on another major OEM dropping EV plans, an article on falling battery prices, a new more powerful and flexible EV battery from CATL, India’s EV pickup revolution and much more. Read the September Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
Yet another big name in automaker is pulling back on its EV plans, blaming slower than expected demand for electric vehicles. Volkswagen’s luxury sports car brand, Porsche, has announced that it no longer plans to build EV batteries in-house.
Cellforce, Porsche’s high-performance EV battery company, will shrink and only focus on research and development, rather than production. In a statement, Porsche blamed “the slower ramp-up” of EVs and “challenging market conditions” in its biggest markets, the US and China, for the changes.
Porsche plans to continue offering internal combustion engine (ICE), hybrid, and all-electric options across every segment “well into the 2030s.”
The automotive industry is currently paying about US$ 63 (€54) per kilowatt-hour for LFP battery cells and US$ 68 (€58) per kilowatt-hour for NMC battery cells. Three years ago, when the price of battery-grade lithium was soaring into the stratosphere and supply chain interruptions were affecting industries around the globe, LFP batteries were costing manufacturers US$ 148 (€127) per kilowatt-hour, with NMC batteries costing US$ 164 (€140) per kilowatt-hour — both more than double their cost today.
At the Munich Motor Show, the global leader in electric vehicle batteries made its presence known. CATL introduced its Shenxing Pro, deeming it “the world’s first LFP battery to deliver a 758 km WLTP range.”
India’s electric vehicle market is growing steadily at 24-25% annually, but from a surprisingly small base — EVs represent just 2.5% of all vehicles sold in 2024. However, one segment could change that trajectory dramatically: electric pickup trucks. These are not the big pickup trucks that US readers are familiar with, but rather this is based on India’s own vehicle categorization, which we would define as light small trucks.
Light commercial pickup trucks dominate India’s commercial vehicle market, commanding approximately 57% market share with over 543,000 units sold in fiscal year 2024. This makes them the largest single vehicle category in the commercial sector, and potentially the key to achieving India’s ambitious electrification targets.
PSR Analysis: This segment represents the single largest opportunity for commercial vehicle electrification in India. This electric pickup revolution is being driven by these compact, urban-focused vehicles rather than traditional pickup trucks, which remain largely absent from the Indian electric vehicle market. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
